30 Mar 2017admin correction● Neutral
Appendix 4G corporate governance checklist lodged with the annual report, dated 30 March 2017. Administrative only, with no new information about operations or finances.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Mar 2017annual report● Neutral
Annual report for 2016. The chairman confirms the 97Mt inferred Maryvale coal resource and says further exploration will come before any feasibility study. Seven WA tenements were granted in the year. Financial statements are not in the text provided.
28 Mar 2017other● Neutral
Notice that 11,688,889 shares leave escrow on 31 March 2017. This is the final release from the 2015 restrictions. An Appendix 3B form is attached but blank, other than showing 98,266,915 quoted shares.
6 Feb 2017other● Neutral
Principal place of business moved to Suite 1612, 87-89 Liverpool Street, Sydney. Administrative only.
6 Feb 2017resource reserve update▲ GoodMajor
Kaili booked a maiden JORC 2012 Inferred in-situ gasification coal resource of 97 million tonnes at Maryvale (EPC1506, 100%), based on 2010 and 2016 drilling. This delivers the resource due in Q1 2017; exploration targets of 80-125Mt are conceptual only.
31 Jan 2017quarterly activities report● Neutral
December 2016 quarter: Bustlers Bore iron tenement granted 21 November, and gold soil sampling and target generation completed. A JORC 2012 coal resource for EPC1506 is due in Q1 2017. Granted area is 761.6 km2.
20 Dec 2016drilling result▲ Good
Soil and rock sampling at Canegrass, Gindalbie Dam and Holey Dam (531 soil, 31 rock samples) found gold-in-soil anomalies of 5-16 ppb at Canegrass. Further soil sampling is planned for Q2 2017, with drilling of top targets planned for Q3 2017.
8 Dec 2016agm notice● Neutral
AGM results: Yutian Bai and Kelly Yang were both elected as directors, each with 64,605,308 proxy votes for and none against.
9 Nov 2016director officer appointment● Neutral
Yutian Bai, a large shareholder and supporter since the 2014/2015 recapitalisation, joins as non-executive director. William Kuan resigns, citing other commitments.
28 Oct 2016quarterly activities report● Neutral
September 2016 quarter: the remaining WA gold tenements (8 Mile Dam, Holey Dam, Gindalbie Dam) and Bea Bea Creek iron were granted. EPC1539 was relinquished, leaving EPC1506. Granted area is 697.6 km2; coal quality work completed.
12 Oct 2016drilling result● Neutral
Final coal quality results for Maryvale are in, from four holes (WK16C to WK19) with 27 samples; WK15 hit only basalt. Bulwer Seam found in all other holes and Condamine Seam in WK17. Seam correlation work is under way; no resource figure yet.
13 Sept 2016half year report● Neutral
Half-year report to 30 June 2016 (text provided is the operations review). It repeats known points: Queensland drilling done, Canegrass and Jungle Hill granted, WA coal tenements relinquished. Financial figures are not in the text provided.
9 Aug 2016regulatory community update▲ GoodMajor
Bea Bea Creek iron tenement E45/4619-I (105.6 km2, Pilbara) granted for 5 years on 28 July 2016, the first of the three iron applications lodged in 2015 to be granted. Targets channel iron deposit style mineralisation; year-one work is mapping and XRF sampling.
5 Aug 2016regulatory community update▲ GoodMajor
All five WA gold tenements (Yilgarn, 422.4 km2 total) are now granted for 5 years, completing the gold applications lodged in 2015. This resolves the pending gold grants; a preliminary field trip was done and first-year work is data compilation and mapping.
5 Aug 2016drilling result● Neutral
First handheld-XRF soil sampling on the new WA gold tenements: 13 traverses, 361 sites at Jungle Hill, Canegrass and Gindalbie Dam. Elevated gold readings noted at Canegrass and five follow-up targets identified. Rain stopped work at 8 Mile and Holey Dam. Partial assays only.
27 July 2016quarterly activities report● Neutral
June 2016 quarter: drilling at Maryvale (EPC1506/1539) finished, and two WA gold tenements (Canegrass, Jungle Hill) were granted on 30 May 2016. EPC1506 was cut from 89 to 53 blocks. Granted ground now totals 457.6 km2; three gold and three iron applications remain pending.
28 June 2016director officer appointment● Neutral
Principal place of business moved to Darlinghurst, Sydney. Long Zhao replaces Ran Pang as company secretary with immediate effect. Administrative change.
28 June 2016drilling result● Neutral
Re-release of the 24 June Maryvale drilling announcement (dated 28 June), with the same content: 6 holes, 1,228m, Bulwer Seam hit in all but WK15. Preliminary results; coal quality analysis still to come.
24 June 2016drilling result● NeutralMajor
Maryvale drilling finished: 6 holes (5 chip, 1 part-cored) totalling 1,228m. All but one hit the targeted Bulwer Seam; WK15 in EPC1539 ended in basalt. Results are preliminary, with coal quality analysis still to come.
9 June 2016drilling spud▲ GoodMajor
Drilling began on 9 June 2016 at the Maryvale coal project in Queensland, starting in EPC1539 and then moving to 5 sites in EPC1506. This starts the drilling program that was planned for the June quarter.
28 Apr 2016quarterly activities report● Neutral
March 2016 quarter: WA tenements E04/1433 and E04/1436 were relinquished, leaving only the Queensland ground (313.6 km2). Kaili asked to cut EPC1506 from 89 to 62 blocks. Drilling is planned for June quarter; gold and iron grants expected then.
17 Mar 2016other● Neutral
Appendix 4G corporate governance checklist lodged with the annual report, dated 17 March 2016, pointing to where governance disclosures are found. Administrative only, with no new business information.
17 Mar 2016annual report● Neutral
2015 annual report: A$1.6m raised from 8m shares at A$0.20 and shares requoted on 31 March 2015. WA coal/diamond licences are being dropped, eight new gold and iron applications are pending, and non-resources investments are being considered. Overheads kept low.
29 Jan 2016asset acquisition disposition▼ BadMajor
December 2015 quarter: Kaili will relinquish WA tenements E04/1433 and E04/1436 in Q1 2016, saying coal is too deep (over 200m) and diamond prospectivity is poor. This reverses earlier plans for field work there. Funds shift to the pending gold and iron applications; Queensland drilling planned for Q2 2016.
30 Nov 2015security holder rights change● Neutral
Escrow release notice: 3,500,001 shares will be released from restriction on 29 December 2015. This continues the staged release of previously restricted shares.
30 Nov 2015other● Neutral
AGM address: chairman says the company is keeping costs low amid a tough sector, has applied for new iron and gold tenements, and is also considering non-resources opportunities that could bring early cash flow. No new figures given.
30 Oct 2015quarterly activities report● Neutral
September 2015 quarter: Kaili applied for 3 iron tenements (230 km2, Hamersley Basin) and 5 gold tenements (270 km2, Yilgarn). WA coal/diamond field work slipped to the June 2016 quarter because native title approval is still pending.
25 Sept 2015security holder rights change● Neutral
Escrow release notice: 4,000,000 shares free from restriction on 12 October 2015 and 5,055,680 on 16 October 2015. This is the scheduled release of the 12-month parcels flagged earlier, so more shares become tradable.
10 Sept 2015other● NeutralMajor
Kaili incorporated two wholly owned subsidiaries, Kaili Gold Pty Ltd and Kaili Iron Pty Ltd, to hold new tenements as it plans to grow into gold and iron ore exploration. This signals a new direction beyond its coal and diamond ground.
5 Aug 2015half year report● Neutral
Half-year report to 30 June 2015 repeats the quarter's position: all 2015 tenement expiries renewed to 2016, Queensland drilling program finalised, and WA work awaiting native title talks and Kimberley Land Council review. Only the first pages were readable; no financials seen.